Presidential Campaign: 2012

[gingele]

Originally Posted by ryberg

Birdman doesn't understand what some of the drawings refer to, Roni...

What? I'm sure slavery would have been abolished if left in the hands of the private sector. In half the time.

[Banzoomba]

Originally Posted by Jacko

Any cases come to mind where the lack of adequate regulations created the greatest recession in our lifetime that nearly crumpled our financial system, destroyed our housing market and cost us to lose 8 million or so jobs and upwards of 50% of our accrued wealth?

But Jack I don't see why people keep saying this... it was not the lack of adequate regulation that created the greatest recession in our lifetime.....it was over regulation, and bad policys that made home loans more assessable, which was great at the time increased demand made the value of homes rise, but we all know what happened when reality set in

[ProfessorPibil]

Originally Posted by birdman

In private hands everything you have listed here would have been done in 1/2 the time, at 1/2 the cost.
Give the gov enough of our money & yes they can do anything, but you can bet your ass it'll have to be redone several times before it is done right.

I'm so happy to be in the presence of folks who've only ever worked for superbly efficient private enterprises. You know, the ones who put a man on the moon, invented nuclear energy, the internet, wrote the constitution

birdman bin laden, you are one silly guy.

[roni]

Originally Posted by Jacko

Any cases come to mind where the lack of adequate regulations created the greatest recession in our lifetime that nearly crumpled our financial system, destroyed our housing market and cost us to lose 8 million or so jobs and upwards of 50% of our accrued wealth?

Originally Posted by Banzoomba

But Jack I don't see why people keep saying this... it was not the lack of adequate regulation that created the greatest recession in our lifetime.....it was over regulation, and bad policys that made home loans more assessable, which was great at the time increased demand made the value of homes rise, but we all know what happened when reality set in

I need more of a case made that it was over regulation that caused the Great Recession. I am not convinced. I see a better case for a lack of regulation as a cause.

[STOGEY]

Originally Posted by gingele

What? I'm sure slavery would have been abolished if left in the hands of the private sector. In half the time.

Back then slavery was a state run institution. Just like in Britain slavery would have eventually ended in a natural death.

[STOGEY]

Originally Posted by Banzoomba

But Jack I don't see why people keep saying this... it was not the lack of adequate regulation that created the greatest recession in our lifetime.....it was over regulation, and bad policys that made home loans more assessable, which was great at the time increased demand made the value of homes rise, but we all know what happened when reality set in

It was also govt telling private institutions who they must do business with. Even if a business had better business sense, not to do business with a person. The govt put pressure on the institution to do what their business sense questioned.

[gingele]

Originally Posted by STOGEY

Back then slavery was a state run institution. Just like in Britain slavery would have eventually ended in a natural death.

That's right, STOGEY, government had nothing to do with the abolition of slavery in the UK. Suddenly all of the private slave-owners simply freed their slaves.

Just like it would have happened, in half the time, had our government not meddled in private enterprise back in The 1860s.

[gingele]

Oops, double post. Damn iPad.

[birdman]

Originally Posted by Dan-0

Have you not read the bill CharlieBoy?

I'm sure it's in there. You just need to trust more & question less!

According to Nancy P. we need to pass the bills before we can ever understand what's in them. Gov. at it's best.

[Banzoomba]

Originally Posted by roni

I need more of a case made that it was over regulation that caused the Great Recession. I am not convinced. I see a better case for a lack of regulation as a cause.

because then you have to put some blame on the Clinton admin and not just the Bush admin........but it is really not about more or less regulation it about good vs bad regulation

[birdman]

Originally Posted by STOGEY

It was also govt telling private institutions who they must do business with. Even if a business had better business sense, not to do business with a person. The govt put pressure on the institution to do what their business sense questioned.

It was also the federal gov. that told banks & loaning institutions who they would give home loans to, even if the individual had a history of not paying their exisitng loans.
I think the bill was known as Dodd Frank, both were very proud of their accomplishment until the crap hit the fan then they both ran & hid, blaming all the problems they had created on G.W. Bush.

[roni]

Originally Posted by Banzoomba

because then you have to put some blame on the Clinton admin and not just the Bush admin........but it is really not about more or less regulation it about good vs bad regulation

well, you were the one who asserted over-regulation.

I don't care about where blame appropriately belongs. I am still trying to understand how over-regulation caused the Great Recession, but then you switched gears from your previous post

[Jacko]

Originally Posted by Banzoomba

But Jack I don't see why people keep saying this... it was not the lack of adequate regulation that created the greatest recession in our lifetime.....it was over regulation, and bad policys that made home loans more assessable, which was great at the time increased demand made the value of homes rise, but we all know what happened when reality set in

Well, maybe they keep saying it because it is true. When restrictions to actions are removed (like allowing banks to do things they previously could not do) well that is a reduction in regulation. See Glass-Steagall as an example where the ACT was repealed, allowing banks to do things, BAD things, that they previously could not do.

Also, where one DOES NOT regulate something that one could regulate, like Sub-prime mortgages and mortgage backed securities, one might reasonably conclude that a LACK of regulation allowed bad things to happen that we now should be seeking to regulate.

The private sector, left to their own as they were, did not manage their businesses effectively(by allowing no down payment for loans and proliferating onerous ARMs) and then the chaos that resulted was not restricted only to the shareholders of the failing companies, but rather spread nearly bringing down our entire banking system........THIS is when ADDITIONAL regulation is necessary to protect the interests of citizens NOT involved directly in the private risk/reward equation.

[birdman]

Originally Posted by ProfessorPibil

I'm so happy to be in the presence of folks who've only ever worked for superbly efficient private enterprises. You know, the ones who put a man on the moon, invented nuclear energy, the internet, wrote the constitution

birdman bin laden, you are one silly guy.

So I guess the moron comenly known as Al Gore really did invent the internet.
Cell phones were invented in some little known secretive lab owned by the gov., as were the I pads, ditital players ect.
Autos, planes, trains, cruise ships ect are also made in these same secret factories?
WOW what the hell do we need investors in our major companies for? Shut the friggin stock market down, roni & stevey have been right all along we don't need no big, high fallutin financiers, just a few morons known as the GOV!!!
They'll take care of us craddle to grave, I feel so much better I now have nothing to worry about.

[Banzoomba]

Originally Posted by roni

well, you were the one who asserted over-regulation.

I don't care about where blame appropriately belongs. I am still trying to understand how over-regulation caused the Great Recession, but then you switched gears from your previous post

no did not switch gears

and what part of the over-regulation do you need help with I will try to better explain